How to borrow money from Gcash using Gcash?

Borrowing Money from GCash Using the GCash App

Step 1: Open the GCash App

• Launch the GCash app on your smartphone.

Step 2: Select “GLoan”

• Scroll down the main menu and tap on “GLive – Pay Later” or “GLive” (depending on your GCash version).

Step 3: Check Your Eligibility

• The app will assess your eligibility for a loan. This is based on factors such as your transaction history, payment behavior, and credit score.

Step 4: Select Loan Amount

• If approved, you will see the loan amount you are eligible for. Select the desired loan amount.

Step 5: Set Repayment Period

• Choose from the available repayment periods (e.g., 15 days, 30 days). A longer repayment period will result in lower monthly payments but higher interest charges.

Step 6: Review Terms and Conditions

• Carefully read and understand the loan terms and conditions, including the interest rate, fees, and repayment schedule.

Step 7: Confirm Loan Application

• Once you agree to the terms, tap on “Apply Now.”

Step 8: Receive Loan Approval

• GCash will process your loan application and notify you of the approval status within minutes.

Step 9: Withdraw Funds

• If approved, the loan amount will be credited to your GCash wallet. You can withdraw the funds to your bank account or use them to make payments.